Smith Barney fired a New Jersey broker for canceling fund trades as late as 15 minutes after the market’s close, Reuters reports, citing an internal company memo.

Smith Barney CEO Sallie Krawcheck cited the illegal practice in a memo to Tom Matthews, head of the private client division, according to Reuters. Smith Barney has not been cited by New York or other state regulators who, in tandem with an investigation by the SEC, are looking both at fund companies and their brokerage partners for illegal or unethical fund trades.

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